Author: PPD Team Date: 12/11/2024
Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Author: PPD Team Date: 10/03/2025 Schneider Electric India Private Limited and Bisleri International Private Limited have signed an agreement to develop 13.6 MW of solar power projects across four states in India. Under the agreement, Schneider Electric will install solar power systems at Bisleri’s production facilities in Maharashtra, Tamil Nadu, Karnataka, and Uttar Pradesh. This initiative aligns with ‘Bisleri’s Greener Promise’ and aims to enhance the company’s sustainability efforts. The solar installations will span six…
Author: PPD Team Date: 21/11/2024 Salt River Project (SRP) and Flatland Storage LLC, a subsidiary of EDP Renewables North America (EDPR NA), have announced a partnership to bring 200 MW of energy storage to Arizona’s grid. The Flatland Energy Storage Project, located near Coolidge, Arizona, will use Tesla-manufactured lithium-ion batteries and is expected to be operational by 2025. The 200 MW/800 megawatt-hour system will provide enough capacity to power up to 45,000 homes for four…
Author: PPD Team Date: 12/06/2025 The Ministry of Power has released draft amendments to Rule 18 of the Electricity Rules, 2005 clarifying how Energy Storage Systems (ESS) can be used in India’s power sector. The draft gives developers, utilities, and consumers more flexibility. ESS will be allowed to function either on their own or as part of generation, transmission, or distribution systems. Developers or owners—whether they are generating companies, licensees, consumers, or independent providers—can sell,…
Author: PPD Team Date: 04/12/2024 H.G. Infra Engineering Limited has formed a wholly owned subsidiary, H.G. Banaskantha Bess Private Limited, for the battery energy storage systems (BESS) sector. Incorporated on December 3, 2024, with an authorized capital of Rs 15 million, the Rajasthan-based subsidiary aims to specialize in BESS. The establishment of H.G. Banaskantha Bess follows H.G. Infra’s recent Letter of Award from NTPC Vidyut Vyapar Nigam Limited for the procurement and installation of 185…
Author: PPD Team Date: 13/06/2025 The Government of India is planning to invest Rs 900 billion in setting up undersea power transmission cables to the Middle East. The proposed investment includes Rs 470 billion for the India–Saudi Arabia interconnection and Rs 430 billion for the India–UAE interconnection. These sub-sea links are part of a broader regional power integration strategy. Other proposed interconnections include India–Sri Lanka (1,000 MW over 120 km), Odisha (Paradeep)–Andaman (500 MW over…
Author: PPD Team Date: 05/03/2025 Russia is strengthening its global nuclear cooperation, signing agreements and engaging in discussions with key allies despite growing geopolitical challenges and Western sanctions. The country continues to play a central role in nuclear energy projects in regions including Africa and Asia while also holding high-level discussions with the United States regarding Iran’s nuclear program. Russia and Myanmar sign nuclear agreement Russia and Myanmar have formalized an agreement for the construction…